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Updated about 2 years ago on . Most recent reply

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Reese Mondina
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turnkey apartment complex

Reese Mondina
Posted

found a turnkey apartment complex with oppurtunity to add 5 more units. Would a hard money lender be willing to pay for down payment on a conventional loan and pay for rehab? or would i be better off trying to find private money to fund down payment and rehab? However if i do get hard money with a 12 month term. would i be able to refi property or take out a heloc to pay off hard money lender? Property does cash flow without having to add the 5 units. 

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